335 N County Road 315 · Interlachen, FL 32148

$99,900

3 bd · 2.0 ba · 672 sqft · Manufactured public records · 287 Days on market

Built 1972 10,019 sqft lot Est $112k · 11% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.4/30.0
• ARV discount +12.4/15.0
• DSCR +9.0/10.0
• 1% rule +6.8/10.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Lakefront versatility on peaceful Hart Lake with true east facing frontage and beautiful sunrise views. This unique property offers two separate residences on one parcel, providing exceptional flexibility for a variety of living or income opportunities. The two-story Nest Cottage features a bright and light filled upstairs studio, while the separate two-bedroom, one-bathroom mobile home offers comfortable and functional living space. This setup is ideal for multigenerational living, owner occupancy with rental income, a guest or in law retreat, home office, or short-term rental use. Buyers may explore long term or vacation rental options subject to verification and local regulations. Both i

Key facts

• East-facing frontage
• Built-in flexibility
• 0.23 acre lot

Tags

• LAKEFRONT VERSATILITY
• EAST-FACING FRONTAGE
• TWO SEPARATE RESIDENCES
• LIGHT-FILLED UPSTAIRS STUDIO
• MOVE-IN-READY LAKEFRONT
• BUILT-IN FLEXIBILITY

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Mobile Home; Additional structure: Additional single family home on property; Zoning: R4; Lot size approximately 0.23 acre (approximately 74 x 138); Located on Hart Lake with lakefront and lake view; water access to the lake
• HOA & community: Association recreation owned

Exterior

• Parking: Road access via paved/asphalt surfaces
• Utilities: Electricity connected; Septic tank; Canal/lake water source for irrigation
• Home design: Mobile home (double wide); One story; East-facing
• Construction: Metal siding and other construction materials; Shingle roof; Crawlspace and slab foundation; Built as a double wide mobile home
• Exterior features: Other exterior features

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Ductless heating system; Wall/window air conditioning unit(s)
• Interior features: No additional interior features listed
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $262 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 5.6% in Interlachen — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 759 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 287 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $100k implies a 732% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.26%
• DSCR: 1.50
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $112,224
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
122 Arden Ave	0.64mi	3/3.0	720 (+7%)	6mo	$120,000	$167	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.5%
• Equity multiple: 1.02×
• Total profit: $529
• Equity at exit: $14,895

10-year hold

• IRR: 10.1%
• Equity multiple: 1.79×
• Total profit: $21,998
• Equity at exit: $8,638

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32148

• Home prices YoY: -5.8%
• Active inventory: 759
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,177 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$102 /mo · $1,225/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $262

Break-even live

Break-even rent $845

Max offer price $99,900

Occupancy floor 73%

Sensitivity live

Price	-10% $319	-5% $291	+0% $262	+5% $234	+10% $206
Rent	-10% $169	-5% $216	+0% $262	+5% $309	+10% $355
Rate	-1.0pp $313	-0.5pp $288	base $262	+0.5pp $237	+1.0pp $210

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
123 Hayman Dr Interlachen, FL	2.0	1.0	598	$1,250	$2.09	24d	1	0.99mi
125 Hayman Dr Interlachen, FL	2.0	1.0	642	$1,250	$1.95	24d	1	1.00mi
707 Dawn Ave Interlachen, FL	2.0	1.0	676	$975	$1.44	21d	1	1.49mi

Listing history 40 events

1. 2026-06-18
   days on market $99,900 Active 287 DOM
2. 2026-06-17
   days on market $99,900 Active 286 DOM
3. 2026-06-16
   days on market $99,900 Active 285 DOM
4. 2026-06-15
   days on market $99,900 Active 284 DOM
5. 2026-06-13
   days on market $99,900 Active 282 DOM
6. 2026-06-10
   days on market $99,900 Active 278 DOM
7. 2026-06-08
   days on market $99,900 Active 277 DOM
8. 2026-06-07
   days on market $99,900 Active 276 DOM
9. 2026-06-05
   days on market $99,900 Active 273 DOM
10. 2026-06-03
    days on market $99,900 Active 272 DOM
11. 2026-06-02
    days on market $99,900 Active 271 DOM
12. 2026-06-01
    days on market $99,900 Active 270 DOM
13. 2026-05-31
    days on market $99,900 Active 269 DOM
14. 2026-02-28
    price $99,900
15. 2026-02-27
    historical
16. 2026-02-17
    price $105,000
17. 2026-02-17
    price $105,000
18. 2025-10-13
    price $110,000
19. 2025-10-13
    price $110,000
20. 2025-09-04
    listed $115,000 Active
21. 2025-09-04
    listed $115,000 Active
22. 2025-04-15
    historical
23. 2025-02-20
    price $114,899
24. 2025-02-15
    status Active
25. 2025-02-13
    historical
26. 2024-10-27
    price $114,900
27. 2024-10-15
    price $119,800
28. 2024-08-23
    price $119,900
29. 2024-08-15
    listed $135,000 Active
30. 2024-08-11
    historical
31. 2024-08-07
    price $125,000
32. 2024-08-07
    status Active
33. 2024-04-16
    price $95,000
34. 2024-04-09
    price $105,000
35. 2024-04-02
    price $109,900
36. 2024-03-27
    price $115,000
37. 2024-03-19
    price $120,000
38. 2024-03-13
    listed $125,000 Active
39. 1996-10-10
    soldstatus $12,000
40. 1983-12-01
    soldstatus $23,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,225 · $102/mo
• Projected year-2 tax: $1,225 · $102/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,127
• − Mortgage interest: −$5,596
• − Property taxes: −$1,225
• − Insurance: −$500
• − Repairs & maintenance: −$1,130
• − Management: −$1,130
• − Depreciation: −$2,906
• Taxable income: $1,640
• Est. tax owed @ 24.0%: −$394
• After-tax cash flow: $2,755/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• Population (ZIP): 11,580

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 8% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.98%
• Current HPI: 277.2763
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+334.3% since first listed

27 events — show timeline

• 2026-02-28 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-13 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-13 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-04 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-04 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-20 Price Changed $114,899 Stellar MLS as Distributed by MLS Grid
• 2025-02-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-02-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-27 Price Changed $114,900 Stellar MLS as Distributed by MLS Grid
• 2024-10-15 Price Changed $119,800 Stellar MLS as Distributed by MLS Grid
• 2024-08-23 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2024-08-15 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-07 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-04-16 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-09 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-02 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2024-03-27 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-19 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-13 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 1996-10-10 Sold (Public Records) $12,000 Public Records
• 1983-12-01 Sold (Public Records) $23,000 Public Records

Property tax history

+10.8%/yr

Latest (2025): $1,225 · +23.1% YoY. Source: county tax records.